Reported about 13 hours ago
Chinese memory chipmaker ChangXin Memory Technologies (CXMT) is set to launch an initial public offering in Shanghai as early as Q1 next year, seeking a valuation of approximately 300 billion yuan ($42 billion). Founded in 2016, CXMT aims to strengthen China's position in the global DRAM market amid rising semiconductor demands. The company plans to raise between 20 billion and 40 billion yuan and may attract significant interest from domestic investors supporting China's self-sufficiency in semiconductors.
Source: YAHOO